Stock Traders Buy High Volume of Warner Bros. Discovery Call Options (NASDAQ:WBD)

Warner Bros. Discovery, Inc. (NASDAQ:WBD) saw unusually large options trading on Thursday. Stock investors acquired 85,104 call options on the stock. This is an increase of 202% compared to the average volume of 28,206 call options.

Wall Street Analyst Weigh In

WBD has been the topic of a number of recent research reports. Barclays lifted their price objective on shares of Warner Bros. Discovery from $8.00 to $10.00 and gave the company an “equal weight” rating in a report on Friday, November 8th. Rosenblatt Securities increased their price target on Warner Bros. Discovery from $9.00 to $13.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. KeyCorp raised their target price on Warner Bros. Discovery from $11.00 to $14.00 and gave the company an “overweight” rating in a research report on Tuesday, December 10th. JPMorgan Chase & Co. lifted their price target on shares of Warner Bros. Discovery from $9.00 to $10.00 and gave the company a “neutral” rating in a research note on Tuesday, January 14th. Finally, The Goldman Sachs Group upped their price objective on shares of Warner Bros. Discovery from $9.50 to $10.75 and gave the stock a “neutral” rating in a research report on Thursday, December 19th. Ten equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, Warner Bros. Discovery has a consensus rating of “Moderate Buy” and an average price target of $11.76.

Warner Bros. Discovery Stock Down 0.4 %

Shares of Warner Bros. Discovery stock traded down $0.05 during trading hours on Thursday, hitting $10.85. The company had a trading volume of 7,978,943 shares, compared to its average volume of 25,691,484. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.80 and a quick ratio of 0.80. Warner Bros. Discovery has a twelve month low of $6.64 and a twelve month high of $12.70. The company has a market cap of $26.60 billion, a P/E ratio of -2.36, a price-to-earnings-growth ratio of 8.31 and a beta of 1.49. The company’s 50-day moving average is $10.39 and its two-hundred day moving average is $9.09.

Insider Activity at Warner Bros. Discovery

In other Warner Bros. Discovery news, insider Savalle Sims sold 169,436 shares of the company’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $12.36, for a total value of $2,094,228.96. Following the transaction, the insider now owns 599,317 shares of the company’s stock, valued at $7,407,558.12. This represents a 22.04 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Colonial Trust Advisors boosted its stake in shares of Warner Bros. Discovery by 71.8% during the 4th quarter. Colonial Trust Advisors now owns 2,383 shares of the company’s stock worth $25,000 after acquiring an additional 996 shares in the last quarter. Stonebridge Financial Group LLC acquired a new stake in Warner Bros. Discovery in the fourth quarter valued at $26,000. SRS Capital Advisors Inc. increased its position in shares of Warner Bros. Discovery by 313.4% in the fourth quarter. SRS Capital Advisors Inc. now owns 2,559 shares of the company’s stock valued at $27,000 after buying an additional 1,940 shares in the last quarter. Graney & King LLC acquired a new position in shares of Warner Bros. Discovery during the 4th quarter worth $28,000. Finally, Ethos Financial Group LLC purchased a new stake in shares of Warner Bros. Discovery in the 4th quarter worth about $29,000. 59.95% of the stock is owned by hedge funds and other institutional investors.

About Warner Bros. Discovery

Warner Bros. Discovery, Inc operates as a media and entertainment company worldwide. It operates through three segments: Studios, Network, and DTC. The Studios segment produces and releases feature films for initial exhibition in theaters; produces and licenses television programs to its networks and third parties and direct-to-consumer services; distributes films and television programs to various third parties and internal television; and offers streaming services and distribution through the home entertainment market, themed experience licensing, and interactive gaming.